Economy

Amazon to Create 1,500 Apprenticeships Positions in the UK This Year

Leading online retailer Amazon Inc. (AMZN) will be creating 1,500 apprenticeships positions in the UK this year. The company made this announcement on February 2. Amazon says it will be offering 40 entries to degree level apprenticeship schemes which will include new schemes in areas including retailing, social and corporate governance (ESG), marketing and publishing. […]

HBO Max to Launch in 15 Countries Across Europe Next Month

Mass media and entertainment company Warner Media LLC announced that its subsidiary HBO will be launching its HBO max streaming service in 15 European countries on March 8. The countries will include Romania, Poland and Portugal. HBO max streaming initially entered Europe last year in October after the company launched it in the Nordics and […]

Goldman Sachs’ CEO to Receive $35M as 2021 Compensation

David Solomon, the chief executive officer of U.S based investment bank and financial service provider Goldman Sachs Group Inc. (GS) will be receiving $35 million as his total compensation for last year. This announcement was made by the bank late last week. This amount is double the $17.5 million received he in the year 2020 as […]

iPhones to Start Accepting Credit Cards Without Extra Hardware

iPhone manufacturer Apple Inc. (AAPL) says that iPhones will start accepting credit cards without any extra hardware. The tech giant is planning to launch a new service which will allow small businesses to accept payments directly on their iPhones without any extra hardware. This development was revealed by insider sources involved with the matter. In […]

Logitech Reports 2% Decline in Third Quarter Sales

Sweden based manufacturer of computer peripherals and software Logitech International SA (SWX: LOGN) has reported its results for the third quarter in which it recorded a 2% sales decline compared to what it reported in a similar quarter a year ago. The company however increased its forecast for the current year to between 2% and […]

Canada’s Foreign Ministry Confirms it Was Hacked

Canada’s foreign ministry has confirmed that it was hacked last week and that some of its services are still down. This was announced was made by official from the ministry earlier this week further adding that some services are still down at the ministry. The Ministry first raised alarm over the incidence last week one […]

JPMorgan Folds its EU Operations Into a Single Entity in German

United States investment bank and financial services provider JPMorgan Chase & Co. (JPM) announced having merged most of its operations in the European Union to a single business entity in Germany. The bank made this announcement on January 24 emphasizing that it took this move to make its businesses in the European continent more competitive […]

Upcoming Intel’s Ohio Plant Could be World’s Largest Chip Plant

Technology company and world’s largest semiconductor chip manufacturer Intel Corp. (INTC) says that its upcoming $20 billion Ohio factory could arguably become the world’s largest chip manufacturing plant. Late last week, the company said it will be spending $100 billion to build world’s largest chip manufacturing facility in Ohio. The company will be taking this […]

Kenyan Based Online Retailer Copia raises $50 Million for Africa Expansion

Kenyan based e-commerce platform and goods distributor Copia Global announced having raised $50 million from its investors to finance its expansion in the African continent. The company made this announcement on January 19. The company says this Series C financing round was led by Netherlands-based Goodwell Investments. Other investors who took part in the financing […]

Microsoft to Buy Activision Blizzard in a Deal Worth $67.8 Billion

Technology company developing computer software and consumer electronics Microsoft Corp. (MSFT) will be purchasing video game maker Activision Blizzard Inc. (ATVI) in a deal worth $67.8 billion. This will go down as the largest ever acquisition deal in the video gaming industry. This announcement was made by Microsoft which said the deal will be an […]